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FinMin promises policy interventions for industrial growth 6/10/2015 12:00:50 AM Early Times Report Jammu, June 9: Minister for Finance, Dr Haseeb A Drabu today said requisite policy interventions would be made to ensure conducive environment for industrial growth in the state. The Minister was speaking at an interactive session with the stakeholders to discuss the issues related to the proposed Excise Policy. Commissioner Secretary Finance, Navin Kumar Choudhary, Excise Commissioner, Tsering Angchok and other senior officers of Excise department were present. Dr Drabu said while framing the new policy, the government shall incorporate the ideas of the stakeholders to give fillip to the state economy. He said necessary mechanism will be put in place to make the system more transparent and hassle-free. The minister said: "With minimum interventions a better industry friendly interface would be developed that would boost the local industry." The Minister said that government's priority is to ensure quality of spending and making effective changes for improving the revenue generating capacity of the sector keeping in mind the long term perspective goals for achieving tangible results and improving the economy. Dr Drabu emphasized that the policies should aim at providing better opportunities to the investors by simplifying the business system and invigorate the industrial sector. Representatives of various associations apprised the Minister of their demands and problems. Dr Drabu responded to them saying that the meeting was held to formulate broad indicative guidelines as to how the new Excise Policy will look like. He sought cooperation from the members of the fraternity to strengthen the initiatives for socio economic development and to make the system more accountable and transparent.   Share This News with Your Friends on Social Network     Comment on this Story

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